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Cable Update (GBPUSD)

  • #781,261
  • Oct 7, 2023 2:53am Oct 7, 2023 2:53am
Quoting KareemAliFx
I’m loading up on some btc buys over the weekend , looks good for upside
People don't plan to lose. They lose because they don't plan.
  • #781,262
  • Oct 7, 2023 3:30am Oct 7, 2023 3:30am
Will this strengthen USD on Monday as it's a safe haven
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  • #781,263
  • Oct 7, 2023 3:40am Oct 7, 2023 3:40am
daily chart looks promising:
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trading is like dancing, don't think and just listen to the music!
  • #781,264
  • Oct 7, 2023 4:04am Oct 7, 2023 4:04am
Quoting cablekingdom
Will this strengthen USD on Monday as it's a safe haven {image}
maybe maybe not, who knows 50/50...
  • #781,265
  • Edited 7:49am Oct 7, 2023 5:04am | Edited 7:49am
cablekingdom sending you link in dm in 5mins
  • #781,266
  • Oct 7, 2023 6:14am Oct 7, 2023 6:14am
I just went ahead to fund a 20k account from the profits I got from yesterday trade.
Let's see if I can pass this.
Exhausted
  • #781,267
  • Oct 7, 2023 6:17am Oct 7, 2023 6:17am
Quoting birdland
daily chart looks promising: {image}
Usually 3 white soldiers will be accompanied with a red pullback candle no?
Extension of current move as a wick then fall back for before further continuation.
Exhausted
  • #781,268
  • Oct 7, 2023 6:43am Oct 7, 2023 6:43am
Quoting cablekingdom
Will this strengthen USD on Monday as it's a safe haven {image}

Probably will not influence the markets.
  • #781,269
  • Oct 7, 2023 6:52am Oct 7, 2023 6:52am
This guy turned 18 cents to 2000 . He is trading on full margin. Crazy Is it real

https://m.youtube.com/watch?v=DE4EPh...8gMTk5OA%3D%3D
  • #781,270
  • Edited 10:44am Oct 7, 2023 6:55am | Edited 10:44am
...who keeps suspending Rob? Seems to me they are abusing that right!
------------------------------------------

* All of Weds-Fri's bullishness is in the shadow of last mth's bearish thrust mthly candle.
* 2 x wkly hammers now(some may say?) More last week -a hammer-esq candle, and a true > 13 wk awr hammer this week just closed? The beginnings of a wkly downtrend still intact though.
* Some are saying 3 white soldiers on the dly now, with Friday's > 30day adr bullish close. General downtrend still intact on this t/f though, and price still below last LH of that downtrend, which is 2272, (wkly hi was 2061/62,) 2038 being a LL.
* 4hr may be @ beginning of a general uptrend, 1hr closed in a general uptrend.

On Friday the dly hi tested the 4hr/dly part of the prev 1hr/4hr/dly sw hi zone = prev res = pot res, mentioned above, which extends to 2272, and encountered supply there around the 23.6% of the 2995-2038 move.

So really we have 1hr/4hr uptrends -versus- dly/wkly downtrends with recent strength/(pullbacks or more?) in those downtrends, as of Fri's close. Will be an interesting week ahead. Follow the money!


Wkly then dly below
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Trader with an Edge.
  • #781,271
  • Oct 7, 2023 7:34am Oct 7, 2023 7:34am
Quoting Elysion
{quote} Usually 3 white soldiers will be accompanied with a red pullback candle no? Extension of current move as a wick then fall back for before further continuation.
it can have a pullback candle and not. both is possible.
trading is like dancing, don't think and just listen to the music!
  • #781,272
  • Oct 7, 2023 7:49am Oct 7, 2023 7:49am
Quoting Headland
Will be an interesting week ahead.
or a very confusing week with lots of attempts at breakouts and rejections
(PS: Please excuse my being blunt: your analysis may be good but who knows? Your attempt at brevity kills comprehension. Some room for improvement, maybe... Complete and coherent sentences may be a start.)
[Looking at H4: Possibly the simple and straightforward thing is: we have seen a lower high and a lower low - but no higher high and higher low; so most likely we are at the top of a range for now...]
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  • #781,273
  • Oct 7, 2023 7:51am Oct 7, 2023 7:51am
Quoting T721
cablekingdom sending you link in dm in 5mins
Nice chatting Shiva ---- remember to practice on any and every chart, dont matter what it is oil, es, dow, apple, ford, dax etc .. A chart is just a chart the name makes no difference
  • #781,274
  • Oct 7, 2023 8:33am Oct 7, 2023 8:33am
The twin wicks are normally a reliable sign, but a gap down next price remains bearish and no break of any of all those candles in a row is concerning.
It's the same deal on the DXY.
To be really bullish that candle needs confirming, the break required is by proxy of the one before.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #781,275
  • Oct 7, 2023 9:16am Oct 7, 2023 9:16am
Quoting Elysion
{quote} If this bullish momentum persist, I'm looking for at least 1.246 But bulls need to break 1.226 H4 inverted H&S neckline to further upside. If not then more downside if available.
I saw that weekly candle and it looks like the bearish moment is slowing down. I dropped down to the H4 and saw the same thing as you and that’s why I’m looking to go long. A drop below and retest of the inv H&S would lead me to believe that a bearish continuation is in play
be a thinker before being a reacter
  • #781,276
  • Oct 7, 2023 9:26am Oct 7, 2023 9:26am
Quoting shakmoney
{quote} what last months fvg are you looking at
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I know price has not moved enough for some fvg traders but hey you never know
be a thinker before being a reacter
  • #781,277
  • Oct 7, 2023 9:31am Oct 7, 2023 9:31am
Quoting T721
{quote} Nice chatting Shiva ---- remember to practice on any and every chart, dont matter what it is oil, es, dow, apple, ford, dax etc .. A chart is just a chart the name makes no difference

Thanks Terry, earlier i was so confused , i use to dabble bw indicators,Ema,sma,,macd, rsi, etc. Your session gave me a clear thought process of how to approach targets, liquidity, how to make use of multiple time frames

Will practice this for some weeks & then schedule another session with you

Ur style of trading is so simple & effective, no complicated cluttering of charts
  • #781,278
  • Edited 10:42am Oct 7, 2023 10:26am | Edited 10:42am
Quoting Bones
The twin wicks are normally a reliable sign, but a gap down next price remains bearish and no break of any of all those candles in a row is concerning. It's the same deal on the DXY. To be really bullish that candle needs confirming, the break required is by proxy of the one before. {image}

bonzey...remember i said ill refute all your bullcrap over the weekend since you have a habit of altering peoples posts or using them out of context like you have me appear to long at 1.2400 and stay long after i closed it for a small profit on your chart

i never took typing classes... i went to all catholic schools even college at marquette... my parents were religious freaks and since they paid for my education i had to endure it... both my grade school and high school were all boys and while im sure typing classes were offered to us no kid entering or in puberty would be seen doing something so femanine as typing...we werent gona be secretaries and my peer group would have beat up anyone of us that was caught doing something so "gay" LOL..so thats why im a slow and terrible typist and why its gona take me time to scrape you off heel of my shoe

you like heckling people that go against your analysis publically ...that probably has to do with some childhood abuse trauma more than anything else cause you want to feel in control so since you like to heckle traders im gona return that favor even tho ive never seen you post an entry the time i looked thru your post history on your profile page...admittadly i didnt spend much time maybe 20 min. trying to find an entry post so maybe there is one buried somewhere years ago

i made this post
Quoting Zebi
i think the bottom is in for next couple weeks\ the tories would have to say or do something incredibly stupid for GU to drop lower a green daily close will be a buy signal if get that green daily close i see 2400 as 1st target
and 15 min later you made this one
Quoting Bones
it's still bearish, avoid anyone who looks like he lost his meds bottle


i saved this post... cause i knew you were wrong and i was right...you picked the bottom better than i did ROFLMAO

thats why im going to give you the honor of being my main contrarian indicator in this room that ill fade in future

i didnt alter your post or use it out of context the way you like doing mine LOL
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short trump and go long the deepstate
  • #781,279
  • Edited 10:51am Oct 7, 2023 10:37am | Edited 10:51am
Quoting josi
{quote} or a very confusing week with lots of attempts at breakouts and rejections (PS: Please excuse my being blunt: your analysis may be good but who knows? Your attempt at brevity kills comprehension. Some room for improvement, maybe... Complete and coherent sentences may be a start.) [Looking at H4: Possibly the simple and straightforward thing is: we have seen a lower high and a lower low - but no higher high and higher low; so most likely we are at the top of a range for now...] {image}
Hi. On the gmt+3 price feed the 4hr is as below. I have marked it up per 3 candle fractal swing analysis. As I said in my analysis in my last post, it may be @ the start of a general uptrend, but it's been messy.

Re my prose style, I won't be changing it, I think it is self-explanatory even with the abbreviations or as I like to write - the 'abbrv's (!)' I have again provided a key to the abbreviations I use this last week, (look back in my posts if interested,) and the key to the charts I post is on my profile page. They are also attached here as a pdf doc.
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Attached File(s)
File Type: pdf Headland's abbreviations.pdf   35 KB | 193 downloads
Trader with an Edge.
  • #781,280
  • Oct 7, 2023 10:39am Oct 7, 2023 10:39am
ill be back bonzey with more stuff...my index finger on my right hand i use to type hurts from typing that last post
short trump and go long the deepstate
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